Loafer produced under Century Films banner was one of the hit movies of 1973. The movie is an outright entertainer with all the ingredients which used to bring audience back to theatres.
After a small alteraction outside a class room, young Dharmendra pushes a fellow student down the balcony, resulting in his death. He runs away and boards a train, where he meets K.N. Singh, who takes him under his wings. Dharmendra becomes a pick pocket, and steals for K.N. Singh.
As time passes, K.N. Singh runs a smuggling ring, with Dharmendra his right hand man operating a Hotel. If hero is in a gang then there has to be a rival gang, headed here by Prem Nath. Prem Nath has a spy, Roopesh Kumar, in K.N. Singh´s gang. After one incident, Dharmendra comes to know about Roopesh Kumar´s involvement and takes him back to Prem Nath. Prem Nath wants to kill him but his sister Mumtaz begs for his life. Prem Nath makes a deal with her that if she keeps track of Dharmendra´s activities, he will spare his brother´s life.
So, to keep Prem Nath informed of Dharmendrs activities, Mumtaz bumps into him and starts following him. Needless to say they fall in love. She goes to Prem Nath to inform him that she can no longer do his work. As a last assignment she is ordered to bring the hero to a park, where Prem Nath and his men want to kill him. But how can hero die? He knows the truth and vows to take care of the rival gang.
An exhibition of rare jewellery is held and both gangs want to steal it. There is a sequence inspired from "How to steal a million", where hero has to by pass a "highly sophisticated electronic security system" and a bunch of idiotic policemen, who supposedly look every where when the alarm turns on except behind a door where our hero is hiding.
There is a side story of Om Prakash and his family woven into the main story. During one of his runs, Dharmendra meets an apple vendor Om Prakash, who saves him from the police. He starts treating him as his son. Om Prakash has a daughter, Farida Jalal, studying in Shimla, who thinks her father is a big businessman. After the big heist, hero hides in Om Prakash´s house and knows about his life. Hero decides to help Om Prakash with his daughter´s wedding. As the preparation for the wedding are going on, some bad characters assemble in Bombay, pretending to take part in the wedding, alerting police and Prem Nath. Police wants to know how an ordinary apple vendor can arrange such a lavish wedding. The police believe that Om Prakash is involved in some illegal activities and arrest him. Dharmendra meets with the commissioner of police (who else but Iftekar) and tells him the truth and promises to hand over the loot after the wedding. But, the jewels are stolen by Prem Nath.
The movie unfolds at a brisk pace, keeping audience mesmerized. There is a good blend of comedy with special appearances by several comedians, and action. The movie has a hit music, the best known songs being "Aaj mausam bada beiman hai" sung by Mohd. Rafi, "Main tere ishq mein" by Lata, and "Koi shehari babu" by Asha.
"Loafer" isn´t a classic or anything close to one, but it is a pure entertainer worth watching.